Nordstrom, Inc. (NYSE:JWN) Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its stake in Nordstrom, Inc. (NYSE:JWN) by 7.3% during the third quarter, HoldingsChannel reports. The firm owned 11,236 shares of the specialty retailer’s stock after acquiring an additional 760 shares during the period. State of Alaska Department of Revenue’s holdings in Nordstrom were worth $252,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Atlas Capital Advisors LLC increased its stake in Nordstrom by 101.8% in the 2nd quarter. Atlas Capital Advisors LLC now owns 1,491 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 752 shares in the last quarter. Rothschild Investment LLC purchased a new position in Nordstrom in the 2nd quarter worth about $39,000. Blue Trust Inc. increased its stake in Nordstrom by 10,045.8% in the 2nd quarter. Blue Trust Inc. now owns 2,435 shares of the specialty retailer’s stock worth $49,000 after purchasing an additional 2,411 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Nordstrom in the 2nd quarter worth about $71,000. Finally, CWM LLC increased its stake in Nordstrom by 28.7% in the 3rd quarter. CWM LLC now owns 3,628 shares of the specialty retailer’s stock worth $82,000 after purchasing an additional 810 shares in the last quarter. Hedge funds and other institutional investors own 88.73% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on JWN. TD Cowen lifted their price target on Nordstrom from $24.00 to $25.00 and gave the stock a “hold” rating in a research note on Wednesday, August 28th. The Goldman Sachs Group raised their price objective on Nordstrom from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 28th. KeyCorp lowered Nordstrom from an “overweight” rating to a “sector weight” rating in a research report on Thursday, September 26th. BMO Capital Markets raised their price objective on Nordstrom from $20.00 to $22.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. raised their price objective on Nordstrom from $19.00 to $20.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 28th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Nordstrom currently has a consensus rating of “Hold” and an average price target of $20.33.

Nordstrom Stock Down 1.7 %

JWN opened at $22.52 on Friday. The company has a debt-to-equity ratio of 2.76, a quick ratio of 0.41 and a current ratio of 1.07. The business has a 50 day moving average price of $22.71 and a 200 day moving average price of $21.90. The firm has a market cap of $3.70 billion, a P/E ratio of 13.17 and a beta of 2.59. Nordstrom, Inc. has a twelve month low of $12.88 and a twelve month high of $24.93.

Nordstrom (NYSE:JWN) last issued its quarterly earnings results on Tuesday, August 27th. The specialty retailer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.71 by $0.25. The company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.88 billion. Nordstrom had a negative return on equity of 21.26% and a negative net margin of 1.44%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.84 EPS. Research analysts forecast that Nordstrom, Inc. will post 1.89 EPS for the current year.

Nordstrom Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Tuesday, September 3rd were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend was Tuesday, September 3rd. Nordstrom’s dividend payout ratio is currently 44.44%.

Insiders Place Their Bets

In other news, COO Alexis Depree sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $23.20, for a total transaction of $464,000.00. Following the sale, the chief operating officer now directly owns 169,331 shares in the company, valued at approximately $3,928,479.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 5.78% of the company’s stock.

Nordstrom Profile

Nordstrom, Inc, a fashion retailer, provides apparels, shoes, beauty, accessories, and home goods for women, men, young adults, and children. It offers a range of brand-name and private-label merchandise through various channels, such as Nordstrom branded stores and online at Nordstrom.com; Nordstrom.ca; Nordstrom stores; Nordstrom Rack stores; Nordstrom Locals; ASOS; Nordstromrack.com; mobile application; and clearance stores under the Last Chance name.